This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex compounds. In pharmaceuticals, it serves as a building block for the development of active pharmaceutical ingredients (APIs), particularly in the creation of antiviral and anticancer drugs. Its unique structure allows for the introduction of additional functional groups, enabling the fine-tuning of drug properties such as efficacy, selectivity, and bioavailability. In agrochemicals, it is employed in the production of herbicides and pesticides, where it contributes to the development of compounds that target specific pests or weeds while minimizing environmental impact. Its versatility in chemical reactions makes it a valuable component in research and industrial applications aimed at creating innovative solutions in both medicine and agriculture.